Yu Hao, founder of Dreame Technology, believes he has found a better way to fund and build a sprawling conglomerate in China. His business model relies on other people’s money. The Chinese Communist Party is starting to take notice.
Image via Nano Banana
For many years, Dreame Technology was best known for its vacuum cleaners. Then in 2024 Dreame’s founder, a young entrepreneur named Yu Hao, began a quest to reinvent the business.
Dreame products on display at the Consumer Electronics Show in Las Vegas, January 6–9, 2026. Credit: Dreame
In January Dreame made a splash at the famous annual consumer electronics show in Las Vegas. It debuted a robot vacuum that can climb stairs, a refrigerator with a built-in sparkling bar that dis
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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